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"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Thursday, August 23, 2012

Euro Zone Talks Revive Specter of Greek Exit

Euro Zone Talks Revive Specter of Greek ExitNew York Times (blog)The tone has been set by fiscal hardliners in the 17-member currency zone who are showing increasing frustration at the pace of Athens's efforts to institute changes they say are needed to tackle the debt crisis and meet the terms of Greece's bailout.New York Times (blog)

China bubble in 'danger zone' warns Bank of Japan - Telegraph: "China risks a repeat of Japan’s boom-bust disaster 20 years ago as exorbitant property prices combine with a demographic tipping point, a top Japanese official has warned. . . . . China’s ratio will peak at around 2.7 over the next couple of years as the aging crunch arrives. It will then go into a sharp descent, compounded by the delayed effects of the one-child policy. “Not every bubble-bust episode leads to a financial crisis. However, if a demographic change, a property price bubble and a steep increase in loans coincide, then a financial crisis seems more likely,” he said in Sydney at a conference on asset booms. . . . "

Oil steadies on euro zone hopes, Mideast supportsReutersLONDON, Aug 22 (Reuters) - Oil hovered near $115 a barrel on Wednesday as investors held out hope that Europe would overcome its debt crisis while Middle East tension kept the potential for supply disruption in focus. Brent crude has recovered from a ...

The Definitive 'Game-Changer' in the Euro Zone?CNBC.com... of the markets (click here for more on the market reaction). If enacted — and don't forget the ECB has denied reports that it may do this — this could be the “ultimate game-changer in the euro zone debt crisis,” according to Stephen Major ...CNBC.com

US Stock Futures Slip as Greece to Meet With Euro-Zone LeadersWall Street JournalNEW YORK--U.S. stock futures fell as investor jitters over upcoming meetings between Greek andeuro-zone leaders and ahead of ahead the release of minutes to the last Federal Reserve meeting put the market on track for a third-consecutive decline.

Greece cracks down on illegal immigration amid financial crisisFox NewsGreece launched an aggressive campaign this month to try to seal its 130-mile northeastern border, as it faces a debilitating financial crisis that has caused a swell in joblessness and a surge in racist attacks against immigrants with dark skin. The ...

What Caused the Financial Crisis of 2008?Wall Street PitWhat caused the financial crisis of 2008? In my writings at RealMoney, I anticipated much of the crisis, though not all of it, and certainly not the severity of it. The prime cause of the financial crisiswas a buildup of private debt encouraged by the ...

Euro Crisis Hurts Chocolate Sales: How Sweet It Isn'tCare2.com (blog)Risk from the ongoing debt crisis is cited as one reason the US could face a double-dip recession, the Standard & Poor's ratings agency said on Tuesday. S & P now says that the ... Euro Crisis:Euro Zone Facing Double-Dip Recession. Read more ...

Call for Papers — AALS 2013 — “The Debt Crisis and the National ...By profspencerThe AALS sections on Poverty Law and Clinical Legal Education will sponsor a joint program, The Debt Crisis and the National Response: Big Changes or Tinkering at the Edges?, Jan. 5, 2013, at the AALS Annual Meeting in New Orleans.Washington and Lee Law Faculty...